There are 0 low income housing apartment complexes which contain 0 affordable apartments for rent in Monroe. Many of these rental apartments are income based housing with 0 apartments that set rent based on your income. In Monroe, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 0 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Guide To Affordable Housing in Monroe, Oregon

Monroe, OR Affordable Housing Snapshot

Total Affordable Apartment Properties

0

Total Low Income Apartments

0

Total Rent Assisted Apartments

0

Percentage of Housing Units Occupied By Renters

40.79%

Average Renter Household Size

2.69

Total Population

677

Housing Units

277

Average Household Size

2.44

Median Household Income

$32,917
±$6,979

Median Rent

$628
±$33

Percentage Of Renters Overburdened

39.82%
± 21.71pp

Population and Household Demographics

Monroe is a City in Benton County, Oregon with a population of 677. There are 277 households in the city with an average household size of 2.44 persons. 40.79% of households in Monroe are renters.

Income and Rent Overburden in Monroe

The median gross income for households in Monroe is $32,917 a year, or $2,743 a month. The median rent for the city
is $628 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Monroe, a household making less than $2,093 a month would be considered overburdened when renting an apartment at or above the median rent.
39.82% of households who rent are overburdened in Monroe.1

Area Median Income In Monroe

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Monroe, the AMI is calculated from all households within Benton County.

In Monroe, HUD calculates the Area Median Income for a family of four as $83,700

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Monroe

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Monroe HUD Rental Assistance in Monroe

Income

1 Person

2 Person

3 Person

4 Person

5 Person

6 Person

7 Person

8 Person

30% of Median

$17,600

$20,100

$22,600

$25,750

$30,170

$34,590

$39,010

$43,430

50% of Median

$29,300

$33,500

$37,700

$41,850

$45,200

$48,550

$51,900

$55,250

80% of Median

$46,900

$53,600

$60,300

$66,950

$72,350

$77,700

$83,050

$88,400

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Monroe

Income

1 Person

2 Person

3 Person

4 Person

5 Person

6 Person

7 Person

8 Person

50% of Median

$29,300

$33,500

$37,700

$41,850

$45,200

$48,550

$51,900

$55,250

60% of Median

$35,160

$40,200

$45,240

$50,220

$54,240

$58,260

$62,280

$66,300

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Monroe is $45,240 a year, or $3,770 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,770 by 30% to get a maximum rent of $1,131 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI

Studio

1 Bed

2 Bed

3 Bed

4 Bed

5 Bed

50%

$733

$785

$943

$1,088

$1,214

$1,339

60%

$879

$942

$1,131

$1,306

$1,457

$1,607

Fair Market Rents in Monroe

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents

Studio

One BR

Two BR

Three BR

Four BR

$767

$886

$1,066

$1,541

$1,872

Affordable Housing Online has served low income renters in the U.S. for more than 15 years with the most complete and up-to-date info on low income housing, affordable housing, affordable apartments, subsidized housing, Public Housing and Section 8 Housing Choice Voucher (HCV) waiting list information. We provide current data on more than 77,500 apartment communities containing more than 6,229,000 apartment homes. We also provide detailed information about 4,058 local Public Housing Authorities (PHA) with housing authority contact, program, and current waiting list information - including instructions on how to apply for waiting lists and complete housing applications.